International arbitration report
In this issue, we cover a broad spectrum of ‘hot button issues’ for boards and companies operating internationally.
To our clients and friends,
Welcome to the inaugural edition of the Health Law Check-Up, the new quarterly newsletter produced by Norton Rose Fulbright’s healthcare team. Our goal with this newsletter is to supplement our Health Law Pulse blog and monthly webinar series with an opportunity to take a closer look at topics of importance to the healthcare industry in a format that you can read anywhere, whether you print it and go or download to your e-reader.
This quarter’s edition includes the following:
Stay well and have an enjoyable holiday season.
US Head of Healthcare
On May 26 2021, the district court of The Hague rendered a ground-breaking judgment in collective action proceedings initiated by several non-governmental organizations (including Friends of the Earth (Milieudefensie)) (the NGOs) against Royal Dutch Shell plc (Shell). The NGOs claimed, in short, that Shell had to reduce its overall CO2 emissions by at least 45% from 2019 levels, by the end of 2030 (the Target Reduction). The court ruled in favour of the NGOs and ordered Shell to reach the Target Reduction (the Shell Case). This is stated to be the first time that a court ordered a company to reduce its CO2 emissions in line with the climate goals included in the Paris Agreement.
As a reminder, article 225 of the Finance Law for 2021, upheld by the French Constitutional Supreme Court in its decision dated 28 December 2020, allows the French government to reduce the solar feed-in tariffs for a limited number of contracts entered into under decrees dated 10 July 2006, 12 January 2010 and 31 August 2010, for PV power plants of more than 250 kW.
© Norton Rose Fulbright LLP 2021